You should weigh the options and make your own decision.

If you're really looking to just place the capital and have nothing to do with the decisions or operations, you're really describing more of a RE hedge fund or other professionally run fund that targets a certain geography and strategy.I know of one local to me - minimums are in the low $100k's range with minimum 1y commit and bonus payouts for larger amounts and longer commits.

I feel like it could be a great investment.If you're satisfied it will work, go with your decision. 

I guess I was assuming (probably incorrectly) that there weren't many good buy and hold opportunities in Utah...

If you rely entirely on rental income for your income, you should have enough properties & diversity that the loss of income from one location will not bankrupt you or force you into making a bad financial decision to recover/replace the income, and enough cash reserves to weather any local downturns.

Be the majority(and decision making partner).4) Vet your 'partners' - real estate is filled with many people who will lie brazenly for money. 

If you don't, put one together, and when you do, include all the factors that would affect your decisions when purchasing.

Will it affect your business decisions? 

It's been the best decision I have ever made as now I work part time for my fathers scrap yard and utilize as much time as possible furthering my investing career.

We only have 48 hours to get everything in, and we don't want to do anything incorrectly.